Repsol begins production from one of Brazil's largest oil fields

1/9/2013

Repsol begins production from one of Brazil's largest oil fields

PUERTO MADERO -- The consortium formed by Repsol, Petrobras and BG Group has begun commercial production at the Sapinhoá field, located in block BM-S-9 of the Brazilian pre-salt region, producing high quality crude oil that will contribute decisively to the company's growth plans for the coming years.

The first producing well (Guara-1) with more than 25,000 barrels of daily production potential, has been connected to the Cidade de São Paulo platform, ahead of its scheduled start-up date. Further wells will be connected to the platform in the coming months to reach a production of 120,000 barrels of crude oil per day in the first half of

In a second development phase of the Sapinhoá field, the Ilhabela Cidade platform, with a daily production capacity of 150,000 barrels of oil and 6 million cubic meters of gas, will be installed and is expected to begin operation in the second half of 2014.